I have a couple of these. A few tips. Though "free standing", it is best to sink a screw through the top hole of the central spine and into a stud. If you want to get the bikes closer to the wall, you can remove the hooks that hold the bikes and slip a piece of inner tube or pipe insulation over the bare arm and rest the bike directly on top of the arm. The whole setup will be a bit more low profile that way.

I saw this on dealnews and thought it wasn't too bad of a deal. I see a lot of people using these in their pics of their bikes.
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